Strategy buys $1.6B in Bitcoin as holdings surpass 761,000 BTC

Michael Saylor’s Strategy, the world’s largest nationalist holder of Bitcoin, continued aggressively stacking Bitcoin past week, bringing the company’s full reserves to supra 760,000 BTC.

Strategy acquired 22,337 Bitcoin (BTC) for $1.57 cardinal past week, according to a US Securities and Exchange Commission filing connected Monday.

The acquisition ranks among the 5 largest Bitcoin acquisitions by Strategy connected record, pursuing a monolithic 17,994 Bitcoin buy for $1.28 cardinal a week earlier. 

Source: SEC

The acquisition was made astatine an mean terms of $70,194 per Bitcoin, beneath the company’s wide mean acquisition terms of $75,696, Strategy said. Bitcoin averaged a terms of $70,571 for the week of March 9-15, based connected regular closing prices.

The acquisition brings its holdings to 761,068 BTC, acquired for a full outgo of astir $57.61 billion, the institution said.

STRC present the astir liquid preferred banal successful the market, Saylor says

The acquisition came amid Strategy selling grounds amounts of its perpetual preferred equity, Stretch (STRC), aft easing its income rules connected March 9.

“This was the archetypal week Strategy could tally the STRC ATM successful extended hours with a 2nd broker,” Bitcoin Quant laminitis Rohan Hirani noted successful a station connected X.

Related: Strive allocates $50M of treasury to Strategy’s STRC preferred stock

According to STRC Live, the banal saw a grounds week past week, with 10,767 BTC estimated to beryllium bought crossed 4 progressive days.

Source: Michael Saylor

According to the filing, Strategy sold 11.9 cardinal STRC shares for $1.18 cardinal during the week, with nett proceeds accounting for 75% of the full purchase. The institution besides sold 2.8 cardinal Common A shares (MSTR), generating $396 million.

Source: SEC

With Strategy present holding 761,068 BTC, the institution would request to get 238,932 BTC to scope 1 million, an mean of astir 5,700 BTC per week implicit the remaining 42 weeks of 2026.

Magazine: Bitcoin’s ‘narrative vacuum,’ Ethereum present inevitable: Trade Secrets